Balancing the Books

What Wall Street Knows

Plus, hucksterism and the stimulus; classical liberalism, and exporting capitalism.

Not every nugget of advice or attempted witticism gets cast in amber as a maxim. Indeed, the tricky art of coining a workable maxim is that you must distill some broadly accepted truth, while also addressing something about which we constantly need to be reminded. This may help explain why Wall Street is such a fruitful source of maxims. The markets' inscrutability and our innate fight-or-flight responses...